What Is ERP and Why Is It Necessary?
ERP is a business process management software that manages and integrates an organization's supply chain, production, logistics, financial, human resources and reporting activities. Although most of organizations already have some kind of financial and operational systems, most software cannot go beyond the everyday processes or help the organization grow in the future. However, the requirements of an institution do not remain constant and systems should be able to grow as the institution grows.
What is Enterprise Resource Planning (ERP)?
In the past, organizations had some form of accounting, finance, or HR process, but their software systems often did not work independently and communicate with or work with other systems. What distinguishes modern ERP software is that it combines all these processes in an integrated way to form a single and streamlined system.
Current solutions also allow each department to be aware of what others are doing. In this way, accounting and HR departments can easily cooperate with sales and customer relations departments.
Why is ERP Critical for Your Organization?
ERP technology continues to make progress in bringing together all of your business processes, improving collaboration, helping your organization make data-driven decisions, and improving business productivity.
ERP can cover many corporate functions. Some of the main business processes are:
Finance: Modern ERPs also offer dashboards where you can give an overview of your financial situation, so you can take advantage of real-time information whenever and wherever you want. It also provides monitoring your organization's compliance with the legislation.
Human Resources: Modern solutions offer a variety of methods for managing corporate data and facilitating employee management tasks such as payroll and recruitment. You can also monitor employee performance and identify HR issues before they occur.
Production: This function automates operations and allows manufacturers to meet customer requirements and manage resources by accessing real-time data. Also improves project planning and cost management as well as production planning.
Supply Chain: If your organization still enters inventory information manually and tries to find the items in your warehouse, you can easily save time and money by automating these processes with ERP. Modern solutions also provide dashboards and business intelligence to help you manage inventory management.
